The Minister of Trade and Foreign Economic Relations of Turkmenistan Begench Gochmollayev and the Director of GIZ in Kazakhstan, Uzbekistan and Turkmenistan Joachim Fritz signed a Memorandum of Understanding between the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the Ministry of Trade and Foreign Economic Relations of Turkmenistan within the framework of the regional project “Simplification of trade procedures in Central Asia" (TFCA) for the period 2024-2026.

On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), the Regional Project is being implemented by GIZ in partnership with national ministries responsible for trade policy, as well as with customs, border control agencies, and representatives of the private sector involved in trade in the Central Asian region. The main goal is to develop regional approaches and knowledge, especially in the field of digitalization, aimed at facilitating cross-border trade along regional trade routes.

Turkmenistan will become the fifth state within the framework of the regional project “Trade Facilitation in Central Asia”, which corresponds to the increased interest of countries and companies in further developing ties between Central Asia and Europe.